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KBA

KraneShares Bosera MSCI China A ETF

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Investment Strategy:

KBA tracks the MSCI China A International Index: a free-float adjusted market capitalization weighted index that is designed to track the equity market performance of large-cap and mid-cap Chinese securities listed on the Shanghai and Shenzhen Stock Exchanges. The Index is based on the concept of the integrated MSCI China equity universe with mainland Chinese securities included.

KBA provides:

  • Access to the Shanghai and Shenzhen Stock Exchanges - which are traditionally not available to U.S. investors - via the RQFII program.
  • KBA's holdings represent the mainland Chinese equities scheduled for inclusion into broad MSCI emerging markets indices
  • With $1.6 trillion benchmarked to the MSCI Emerging Markets Index1, full inclusion of mainland Chinese equities could see significant flows into the securities KBA owns today.
  • In June 2016, MSCI is expected to announce the inclusion timeline.
  • Co-managed by Bosera Asset Management; headquartered in Shenzhen, $73 billion in AUM, one of the largest Chinese asset managers by assets.2

1.) Data from MSCI as of 6/30/2015

2.) Data from Asset Management Association of China (AMAC) as of 6/30/2015

Daily Performance

Data as of 04/21/2017
Premium Discount Chart
NAV
Net Asset Value$28.51 
Daily Change 0.09%
Price
Closing Price $28.55 
Daily Change-0.31%

Performance History

Data as of: 03/31/2017
Total Annual Fund Operating Expense (Gross): 1.03% Total Annual Fund Operating Expense (Net): 0.83%*
Distributions
Cumulative Annualized Annualized Calendar QTR
03/31/2017
1 Mo 3 Mo 6 Mo Since Inception
3/4/2014
1 Yr Since Inception
3/4/2014
1 Yr Since Inception
3/4/2014
Fund Nav -0.49% 4.49% 0.66% 27.47% -2.04% 8.22% -2.04% 8.22%
Closing Price -0.38% 7.36% 0.66% 29.35% -0.42% 8.74% -0.42% 8.74%
Index -0.50% 5.17% 2.54% 42.95% 1.40% 12.31% 1.40% 12.31%

Pursuant to the terms of an Expense Limitation Agreement, Krane Funds Advisors, LLC (“Krane”), the Fund’s investment manager, has contractually agreed to reduce its management fee to 0.58% of the Fund’s average daily net assets until July 31, 2017. The Expense Limitation Agreement may only be terminated prior to July 31, 2017 by the Board.

The Hybrid KBA Index (noted as "Index" above in the chart) consists of the MSCI China A Index from the inception of the Fund through October 23, 2014, and the MSCI China A International Index going forward.

Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized Return is the average return gained or lost by an investment each year over a given time period.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted.

ETF shares are not redeemable with the issuing fund other than in large Creation Unit aggregations. Instead, investors must buy or sell ETF Shares in the secondary market with the assistance of a stockbroker. In doing so, the investor may incur brokerage commissions and may pay more than net asset value when buying and receive less than net asset value when selling. The NAV of the Fund’s shares is calculated each day the national securities exchanges are open for trading as of the close of regular trading on the New York Stock Exchange (“NYSE”), normally 4:00 p.m. Eastern time (the “NAV Calculation Time”). Shares are bought and sold at market price (closing price) not NAV. Market price returns are based on the midpoint of the bid/ask spread at 4:00 pm Eastern Time (when NAV is normally determined).

An active secondary market for the Fund’s shares may not exist. Although the Fund’s shares will be listed on an exchange, subject to notice of issuance, it is possible that an active trading market may not develop or be maintained. There is no guarantee that distributions will be paid.

Sector Breakdown

Data as of: 2017/4/21

Market Cap Breakdown

Data as of: 2017/4/21
Data provided by ETF Research Center

Top 10 Holdings

Data as of 04/21/2017
Full Holdings .CSV
RankCompany Name% of Net AssetsTickerShares HeldMarket Value($)
1
PING AN INSURANCE GROUP C
2.62%305,9001,603,918
2
KWEICHOW MOUTAI CO LTD-A
2.35%24,8001,443,121
3
CHINA PACIFIC INSURANCE G
1.77%279,8991,084,527
4
AGRICULTURAL BANK OF CHIN
1.73%2,221,9001,062,029
5
CHINA STATE CONSTRUCTION
1.71%707,3001,050,196
6
INDUSTRIAL BANK CO LTD -A
1.59%436,700974,519
7
CHINA MINSHENG BANKING-A
1.37%730,000837,849
8
CHINA EVERBRIGHT BANK CO-
1.31%1,416,200800,369
9
MIDEA GROUP CO LTD-A
1.27%156,050776,044
10
BANK OF COMMUNICATIONS CO
1.26%895,400774,016

Holdings are subject to change.